April/May 2004  

Work Made for Hire
Why You Do Not Own the Work You Commissioned?
by William S. Wyler
Schwartz, Manes & Ruby

Assume that ABC Company hires a software programmer to create a program for its business. The company's program manager gives the programmer specific specifications and requirements about the design of the program. After the programmer creates the first test version of the program, the company tells the programmer what should be changed. After several go-rounds of testing and asking for changes, the company is happy with the resulting program. The company gets a copy of the program, probably on CD or directly downloaded and pays the programmer the agreed price.

For the entire article CLICK HERE
(www.smrfirm-it.com/articles/04-04-art1.htm)

Stock Options
Where Have You Gone?
by Michael G. Schwartz
Schwartz, Manes & Ruby

Before the dot.com bubble burst, many tech companies distributed stock options like candy. The idea was relatively simple. Granting stock options to valued employees cost the company nothing but provided a valuable incentive for employee performance. From the employees’ perspective, it was only a matter of time before the options were “worth millions.”

For the entire article CLICK HERE
(www.smrfirm-it.com/articles/04-04-art2.htm)

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